3 Financial Options You Can Pursue When Selling an Inherited Property in Largo

If you’ve inherited a property and you’re thinking about selling it, you might have more options than you realize. Read this blog post to find out the 3 financial options you can pursue when selling an inherited property in Largo…

When a loved one passes and leaves you with a property, it might be a meaningful gesture but, the truth is, an inherited property isn’t always convenient to own. There are additional bills, expense, maintenance, upkeep, and stress; it can be time-consuming.

So if you are thinking of selling, you might first be thinking about selling with the help of a real estate agent. However, you might be surprised to learn that you have options that you may want to consider as well. In fact, did you know you have 3 financial options you can pursue when selling an inherited property in Largo?

First, Let’s Talk About Selling Through An Agent…

There’s nothing wrong with selling through a real estate agent but you should be aware that an agent may have you fix up the inherited property first, then there are closing fees and the hefty agent commission you’ll have to pay afterward. And, this method can take months, so some people don’t like how long it takes.

So, what are the other options?

Second, Let’s Look At The Other Options…

Option #1. Refinance

One option, which is a type of selling, is to refinance the property with a bank and use that money for other things. Although you’ll still own the house, this is a financial option that some people might consider if they are selling in order to get the money.

You can still use the house, or rent it out, and you’ll need to pay back the loan to the bank, but it’s one option to consider.

Option #2. Rent To Own

Another option is to sell the house over the long-term by selling to a tenant. Typically, these are tenants who can’t get a mortgage but want to own a house – so they’ll pay you rent and over time they’ll be able to buy the house (either by paying you an additional amount above their rent that will go toward the purchase of the property, or, by waiting until their credit is cleaned up to purchase the house with a mortgage.)

Option #3. Sell Fast For Cash

One little-known option that owners of inherited properties might enjoy is the ability to sell the house fast for cash. Instead of selling through an agent (and hoping they can find a buyer, which can take months), you can work with a house-buying company (like what we do here at WolfWantsHouses) and they’ll often buy your house as-is for cash, usually in as little as a few days. It’s fast, simple, and doesn’t require any work.

There you have it! 3 financial options you can pursue when selling an inherited property in Largo!

Do you have a house in Montana?

We're now looking for properties in Missoula and the surrounding area. Click here

Largo Florida

Testimonials

WolfWantsHouses

Jim B

WolfWantsHouses

“I should have done this a long time ago, but you just never get around to it. We needed some money for my wifes medical issues and Mr. Wolf was extremely understanding about our needs. He worked with us to be able to close fast so we could get the funds that we needed” – John G (Thorton Park Home living in Canada)

WolfWantsHouses

“We got a lot of we buy houses flyers in the mail because we were an absentee owner, but nobody really made me feel comfortable about selling our home this way. David made it super easy to do and kept his word. We closed in two weeks and it only took that long because we waited several days to see if we could get a better offer. We couldn’t” – Stephanie J. (Absentee owner of a home in Altamonte, living in Georgia)

Get Your Fair Cash Offer: Start Below!

We buy houses in ANY CONDITION. There are no commissions or fees and no obligation whatsoever. Start below by giving us a bit of information about your property or call 866-886-5345...

We are a real estate solutions and investment firm that specializes in helping homeowners get rid of burdensome houses fast. We are investors and problem solvers who can buy your house fast with a fair all cash offer.